DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 87.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,638 shares of the sporting goods retailer's stock after selling 44,914 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $1,341,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Independent Advisor Alliance lifted its position in shares of DICK'S Sporting Goods by 5.4% in the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after acquiring an additional 53 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of DICK'S Sporting Goods by 5.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after acquiring an additional 57 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of DICK'S Sporting Goods by 4.9% in the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after acquiring an additional 60 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in DICK'S Sporting Goods by 42.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 255 shares of the sporting goods retailer's stock worth $51,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on DKS shares. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Bank of America dropped their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Telsey Advisory Group restated an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Robert W. Baird reduced their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $219.56.

DICK'S Sporting Goods Trading Up 0.3%

Shares of DKS stock traded up $0.66 on Monday, hitting $206.89. The stock had a trading volume of 1,271,761 shares, compared to its average volume of 1,293,907. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a market capitalization of $16.56 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.94 and a beta of 1.07. The company's 50 day moving average price is $186.21 and its 200-day moving average price is $205.24.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

DICK'S Sporting Goods announced that its board has authorized a share repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director Robert W. Eddy bought 1,357 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of $185.31 per share, with a total value of $251,465.67. Following the purchase, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This represents a 39.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,563 shares of company stock valued at $9,462,628. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Profile

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.